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Search Results 0 to 49 of about 97 (some duplicates have been removed)
for the first time since 2009. so as congress agrees to delay a showdown over the debt ceiling and faces a march 1 deadline for across the board spending cuts, what to make of this darned economy, david? >> am i supposed to answer that? it is confusing. the stock market is up. employers are hiring, very slowly. the government now tells us that hey -- they hired a lot more last year than previously believed. auto seafls are up 14% from last year. housing sales are coming back. on the other hand the economy took a pause at the end of last year? unemployment is very high, 7.9%. among men between 25 and 54 one out of six is not working. so i think when you cut through all this what do you see? well, the stock market is going like this and the economy is going like this. that can't last. i can't explain the stock market except maybe there was a gigantic sigh of relief. the republicans aren't going to force the u.s. freshry due default and the europeans aren't going to blow themselves up economically. you see an economy that's growing -- slowly. growing is better than not growing. the europeans are tr
down, not up. lori: the senate approved a house plan to approve the debt ceiling and hold off on congressional pay if they don't get a budget deal for the next ten years. you say this is more of a risk and even the fiscal cliff was. >> oh, yes. the debt ceiling is a potentially large fiscal contraction like the fiscal cliff was. even bigger, actually, if you do the math. debt ceiling is you cannot borrow, so you have to balance the budget tomorrow. in addition to that, there was the kind of not very real threat that we might default on the national debt or postpone payments, so you're playing with a combination of a big fiscal contraction and the possibility of triggering a financial crisis also. lori: i want to ask you about your book. after the music stopped, but about the financial crisis, to a dozen 7-8. looking back, said always 2020, what were the best actions taken by the federal government and the worst? >> at think there were three. in net you a tie for first? >> you know how tv works. >> one was tart. very unpopular, but effective and turn a profit for the taxpayer.
to fight all over again on this and maybe threaten something on the debt ceiling, which for them would be worse. >> one of the things that hasn't changed since the republicans saying these job numbers are terrible. we're going to keep cutting medical they get even worse. >> so in terms of the big battle and any kind of possible grand bargain, you think that's over continuing resolution and budget numbers? >> yeah. well, i mean, the first thing that comes up time-wise, is on march 1st we have to deal with the sequester because the republicans reordered the way that these things are going to fall on the calendar. the sequester is those automatic spending cuts. billions -- tens of billions of dollars just this year in spending cuts. the republicans would like to have some kind of spending cut win this year, and that might be their only opportunity to get one, so you can see them hunkering in and saying, you know, we're going take the hit on defense spending cuts, but we're going to get spending cuts here by hook or by crook, and for democrats they might say, you know, we would rather lose
the debt ceiling to keep going up through the middle of may. that would delay the expected shutdown -- rather, showdown between democrats and republicans over spending cuts. the house passed the bill last week. president obama said he will sign it if it passes in the senate. >>> chuck hagel will face some tough questions today in his bid to become defense secretary. the senate armed services committee will hold his confirmation hearing. he's a former republican senator but may have a hard time winning support from the senate's gop members. six republicans have already said they will oppose his nomination. they have questions about comments he made about israel and iran. if confirmed, hagel would be the first vietnam vet to lead the pentagon. >>> president obama says he hopes for some form of immigration within six months. in an interview with telemundo, he says the plan must include a path to citizenship for 11 million illegal immigrants already in the country. and he says it's time for congress to act. >> we've been working on this for a long time. we know what the issues are. i've
stability. let's hope we wet through the debt ceiling crisis, and then you'll see the private sector invest. if there's one thing this president is going to be known for, he is all over the social issues, guns and gay marriage and healthcare but has done nothing to help this economy. and when you look at what jack will you and rob neighbors and gene sprawling did in the summer of 2011, are you shock wed have had this anemic recovery? and we're not in a recovery. near a recession. >> one more quarter and we're in a technical recession as well. one more quarter of negative. let's talk about this for a little bit. so, what we really need is growth to come back into the economy. for me, ronald reagan, margaret thatcher, said let people keep more of their own money and then people invest in their businesses or invest in themselves go out to dinner, a movie. thatthat's economic growth. >> you're absolutely correct. and look, the numbers are clear. if we were growing at three to four, five%, which is not out of the realm of possibility, happened under ronald reagan -- we could grow our way out of
can get it done sooner in the first half of the year, if possible. >> and remember that debt ceiling hostage taking? well, today, senate republicans passed the debt ceiling extension. so you're seeing a confident president determined to carry out his second term agenda and it's happening right now. joining me now is nia maliqa henderson and joan walsh. >> joan, two weeks into the second term, what do you think he can get done? >> well, you know, i'm semi-optimistic about immigration reform, reverend al, although i'm starting to have a few more doubts. you know, if democrats were like republicans, they would not help the republy c llicans out and d immigration reform. but the president is trying, chuck schumer has put together this bipartisan group. but the thing that seems like a big sticking point to me is even the supposedly pro-immigration forces are saying enforcement first. and they're ignoring the fact that this president has been all about enforcement. i mean, you know it better than i do. there is some civil rights folks who are entirely happy with some of the deportation pol
and senate signed a bill to suspend the debt ceiling until may. that is called suspending the debt ceiling, you raise the debt ceiling so you put a lid on what the government can spend. when you reach your credit, they will give you another thousand dollars and that is new limit. what has now happened is capitol hill has suspended that limit, now you are going to american express card with no limit and you have given the president no limit until mid may? >> i don't think american express would like the comparison because it couldn't be as bad. [ laughter ] >> but they are limited by the appropriations process and house and senate under the constitution have the power of the purse. he is not supposed to spend important. having said that, you are right. it's a huge problem. we should not extend the debt limit again. what is coming up, it may be four to six months unless there are legally spending cuts. i proposed that legislation. it got a lot of votes on the floor but it's simple idea. reduction of spending for every dollar increase in debt limit and you get to balanced budget over ten year
debt ceiling negotiations, anything that washington does that adds to the uncertainty certainly doesn't help the economy. so i think most people would like to see these people sort of get their act together before the deadline, hopefully. >> well, in fact, senator roy blunt just blamed uncertainty. let me play that. >> uncertainty is probably even a greater problem than contraction. if we knew what the government spending was going to be with some certainty, that would be better than this constant not knowing. we're on the 60-day clock and then on the 90-day clock. we need to get on a four and five-year clock. and that's why a budget and appropriations bills will make a difference, chuck. >> what are the chances, michael, of those things happening? >> well, you know, i think a long-term solution doesn't look very practical right now. and one reason is that members of congress like mr. blunt, republicans, are -- i think that it's more important not to give more ground on taxes than it is to create certainty. so i think everyone agrees that uncertainty is a problem. i think basically ev
ceiling -- the last time i checked, 87 americans did not die from the fiscal cliff or the debt ceiling. they are dying from unrestricted access to guns and congress is to blame. >> jennifer: give us some hope. if you have to put your prognosticating hat on, which of the measures are going to get through this congress? will there be an assault weapons ban, background checks and a ban on high-capacity magazines. >> if general mccrystal continues to speak out that these are designed for war and maximum body damage, not for a civilized society, we might get that ban on assault weapons. we should get a universal background check for all gun sales so it's harder for criminals, the mentally ill and terrorist groups that come to u.s. gun shows because they can buy assault weapons without a background check in this country, we should be able to get that. the ban on high-capacity ammunition clips is just common sense. we should get consumer protection standards like we have for toy guns but not real guns and then lindsay graham is so disingenuous -- he has done everything
the debt ceiling might -- they kind of -- escaped armageddon over the debt ceiling but it's going to come sometime between now and june, correct? >> yes. absolutely. they're already going to deal with this sequester-related cuts on march 1st. the expiration of the cr at the end of march and then the debt ceiling may 1st i believe. so a lot of looming fiscal deadlines will be the next big thing. >> bill: if republicans agreed not to push for the massive spending cuts to social security and medicare for -- as a price for increasing the debt ceiling they're going to come back, right, with those same demands. at the next round. >> i don't think those demands are going away. part of the point of the short-term debt ceiling extension just passed last week was sort of to try and leverage their position in the sequester-related discussion of $1.2 trillion of autoic spending cuts set to kick in on march 1st which are delayed two months with the fiscal cliff deal. they're hoping to extract spending cuts from president obama. if not that fight, then in the next debt ceiling fight the next debt ceili
. the underlying bill that we're going to vote on in a little while suspends the debt ceiling for a period of time, as we all know. my amendment doesn't change that fact, but it addresses one of the consequences of that fact. the fact is, this bill suspends the debt ceiling, but it doesn't resolve the underlying problem. and so we're going to be back here in a few months with the same impasse that we've had in the past. what do we do about the mounting debt? what do we do about having reached the debt ceiling? and will twe we do anything abot curving the spending that is -- mr. baucus: madam president, the senate is not in order. the presiding officer: the senate will be in order. mr. toomey: so -- thank you, madam president. so, the fact is, we're going to be -- mr. baucus: madam president, madam president, the senate is not in order. the presiding officer: the senate will be in order. the senators shall take their conversations out of chamber. mr. toomey: thank you, madam president. so my point is that we're going to be back at this situation where we will have reached the debt limit once again.
be fun to use a government shutdown or a debt ceiling crisis to force further cuts. you guys sure know how to show a gal a good time. there's no question over the long term we have to balance budgets and pay down our debts, but short-term deficit hawkishness is hurting us badly right now. our problem is not relief for storm victims or federal money for family planning services, it's a tax base that's too low to support rising health care costs and an aging population over the long term. let's deal with those problems over the long term. but for now, congress, how about we just try to avoid shooting ourselves in the foot. i know blaming government for a lack of spending is not the type of blaming government that the gop usually enjoys, but in lean times it's the only type of blaming government that we can afford. you know what would really be great is some stimulus, but you understand that's probably too much to ask for. so for now let's just keep the government from reversing the private sector-led recovery that is already under way. all right. that does it for us here at the cycle and
vote on the debt ceiling in 30 minutes. what we expect to happen there and what it means for the larger budget bat until d.c. asional have constipation, diarrhea, gas, bloating? yes! one phillips' colon health probiotic cap each day helps defend against these digestive issues... with three strains of good bacteria. [ phillips' lady ] live the regular life. phillips'. behind the silver of philadelphia cream cheese. it always begins with fresh, local milk, blended with real wholesome cream. going fresh from the farm, to our fridge, in just six days. because we believe in fresh taste. that's the way we set the standard for intensely rich, luscious flavor. so our story of fresh taste always ends... deliciously. when it comes to taste, philadelphia sets the standard. >>> in the next hour, the senate is expected to vote on and pass the house's debt ceiling deal. a bill that su spends the debt limit for four months and foregoes the threat of default but doesn't end the fiscal threat. sequestration looms large over the capitol. a provision in the bill being voted on today would whoeld house and
on the debt ceiling and always keeping it, well, a little racy. >> the obama administration once again finds itself locking horns with republicans over the issue of raising the debt ceiling. the amount of money the nation is legally allowed to borrow. >> oh, yeah. when it comes to raising the debt ceiling, the president is having a hard time getting it up. >> brian williams does such a good job slow jamming. that's going to wrap things up for me today. i'm going to see you tomorrow, 11:00 a.m. eastern. joining us richard bloomen thaul and debbie wasserman schultz and david ciciline and mayor greg stanton of phoenix. you should have seen the way it was spelled in my prompter. you should have seen it, alex. you can't. you know? they try to make things easier for me, and then i just mess it up. now with alex wagner coming up next. don't go anywhere. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle.
an extension of the debt ceiling, raised the debt ceiling for the future. and i didn't vote for that. there were no cuts included in that bill. the only cut that we have ever come up with is this 1.2 trillion, because the committee, the special select committee couldn't come up with a spending reductions, were now going to have as part as sequestration. i don't really believe in across the board cuts. i think that's irresponsible. but in the absence of cutting spending someplace to replace those 1.2 -- >> got to take it where you get it. >> it's not the only way we're going to get it. >> it's never a good time to cut spending. it's one of the things i've learned. i guess i saw it years ago when i worked down there. but reporting on this thing night after night, one of the things i learned, senator moran, is it's never a good time to cut spending. so march 1st is an interesting deadline. >> i'm not voting to set the sequester aside unless we cut the 1.2 trillion someplace else. >> good luck on that. senator jerry moran of kansas, thank you very much, sir. we appreciate it. >> thank yo
the debt ceiling doesn't kick in till august, i believe that's what we'll have, but let's add these together. let's say you're right, 30 billion. but let's -- jobs overseas, we can dial that however we want because it's all -- a huge loss of revenue, corporate jets, tehre are all kind of things that are low-hanging fruit. >> you've heard the republicans across the board here. they're saying they're done with revenues for 2013. >> george, the american people are on our side. the american people don't believe in these austere things. we believe that the rich should contribute. we believe we should fill those tax loopholes, get rid of them, i should say, and that's where we need to go. >> but that's a debate that's been had, as you know, for the last couple of months, last couple of years and doesn't appear it will get solved next month so the sequester will hit. >> george, that's what they said two or three days before the fiscal cliff. no revenue. well, we got about $700 billion in revenue. there's still more we can do. >> are you saying that for -- to lift the sequester, first
to extend the debt ceiling, but another budget battle could shut down the entire federal government. rich edson is lye on capitol hill for the fox business network. what's going on, rich? >> reporter: good afternoon, jon. in a couple of days, the senate will vote on a proposal to extend the debt ceiling out til may, so if the senate does, it heads to the white house for the president's signature, and that reorders the calendar of deadlines as far as spending is concerned, so next up would be the government spending cuts, the automatic spending cuts known as the sequester followed by march 27th a large chunk of government spending authority runs out. and without an agreement the, basically, no spending agreement there you'd have a government shutdown on may 18th, that's the next debt ceiling deadline if this does manage to pass the house and the u.s. senate and go to the president's desk for his signature. analysts are saying next up now is that big government spending fight dealing with the appropriations process, and it makes it more likely now with that up next that there could be a got
the debt ceiling for the next four months. in the bill, an interesting provision that with holds member's pay if they fail to pass a budget by april 15th. >>> president obama's popularity is on the rise. a "washington post" poll found his favorability rating at 60%. that's a three-year high. 37% had an unfavorable view. >>> david visitor is dismissing a bipartisan proposal on immigration reform. and vitter went after florida senator marco rubio calling him amazingly naive to believe the plan would not amount to amnesty. >>> lamar alexander of tennessee talked to chuck todd on "the daily rundown" about gun control and video games. take a listen. >> i think video games is a bigger problem than guns because video games affect people. but the first amendment limits what we can do about video games. the second amendment to the constitution limits what we can do about guns. >>> senator john mccain appeared at a breakfast in washington where he told a joke about himself and the low approval ratings of his colleagues. >> a guy ran up in the airport and say anybody tell you look like john mccain
to raise the debt ceiling. >> a tornado it is being blamed for a death in georgia. homes were destroyed, cars were tossed. thousands of people are without power in tennessee. three tornadoes touched down. >> now insta-weather plus and traffic pulse 11 together. >> it was a rough night in maryland. we had anywhere from 1-4 inches of rain. temperatures right now or in the 50's. a cold front is going through. following are steady temperatures for the rest of the day. there could be some leftover rain showers. it will be a lot colder this afternoon. seven-day forecast in a few minutes. >> we have a crash northbound on 95 at 32 in howard county. three left lanes are blocked. things are moving fine. we do not see any delays. some flooding from the heavy downpours overnight. york road, we have a closure. eastbound 50, we have a crash that is blocking the right lane. some debris blocking the right lane. 65 on the harrisburg expressway . traffic is moving find in both directions. that is the latest on traffic pulse 11. >> 52 degrees at the airport. >> 11 treat designer is coming up with a plan t
you go to 2011 and see that seven months was dedicated to arguing about the debt ceiling. the debt ceiling, which does not one thing to add to the budget deficit. not one nickel of spenning, it's agreeing to pay the bill. we waited seven months and threaten ord credit rating. the american people are sick of that. they want action. they want their taxes low, as we just saw happen reinly in avoiding the fiscal cliff -- which came as i might add through bipartisanship. the republicanses came through with the table to what obama proposed and he compromised with raising it to the $4,000 level. that's the action that people want to see. >> speaking of our president, he said during obamacare, oh, you're premiums wouldn't be raised. sorry, david. that's exactly what we are seeing -- >> when 2014 comes along -- [overlapping dialogue] >> americans are not able to keep their health insurance. another thing the president promised. >> i have to say, after an absence of david being out, with personal issues and health issues, we are glad to see you back. >> it's a pleasure to be back. >> happy t
with this recent debt ceiling vote. i think, basically, business is going to have to come forward like with regard to the debt ceiling and say look, you can't do this. you are going to wreck the economy of the united states and wreck the economy of the world. i'm hoping that we won't get there. but, alex, i have to tell you, it would not shock me if we do. >> okay. let's switch gears. on the heels of the senate confirmation hearing for chuck hagel, has the political climate changed with the new members of congress on board? >> well, you know, with regard -- first of all, with regard to chuck hagel, the media basically reported that he got beaten up pretty bad. i didn't see it that way. i thought he held his own. i anticipate that we will have a lot of motion, commotion and emotion but chuck hagel will be confirmed. he'll do a great job. after all, the president should have the persons he wants to carry out his policy. i think that will be the case. with regard to the new congress, we have to have a wait and see situation. the number of tea partiers lost their seats. they're still a strong force in
happening. >> steve wood, always excellent. ashley: good stuff, sieve. now to the debt ceiling talking about washington. the senate is expected to vote on a temporary measure. rich edson in washington with more on that. rich. >> senators will likely pass the debt ceiling increase this afternoon and the president is expected to sign it extending the debt ceiling through may 18th and paving the way for the next washington fight, spending. >> the republican playbook of continuing complaining about spending is something we know we have to do something with spending. >> there are two things we know about tax increases for sure. first, they reduce jobs and hurt economic growth. and second, they distract us from addressing the real problem which is spending. >> so automatic spending cuts known as the sequester begin in march and a large forges portion of government spending authority runs out on march 27th. if lawmakers fail to reach a spending and budget deal we'll have another government shutdown then. president obama is allowing his jobs council to expire. the 2-year-old council including busine
and studentwhat sparked the attack ahead. >> the senate approves a plan to address the debt ceiling. and if they don't. how lawmakers will be paying the price. [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on for two whole years. from at&t. call to get u-verse tv starting at just $19 a month with our triple-play bundle. get the same great price for two years. plus now two times the internet speed than before. [ female announcer ] switch today and get a total home dvr included for life. [ male announcer ] you get reliable high-speed internet on our advanced digital network. choose from speeds up to 24 megs. [ female announcer ] and with u-verse tv, you can record four shows at once on your total home dvr and play them back in any room. [ male announcer ] so call now. u-verse tv starts at $19 a month with our triple-play bundle, with the same great price for two ye
into further deficit and debt. >> obviously democrats would prefer a longer suspension of he debt ceiling which would provide additional economic security and stability as we continue to find ways to decrease the deficit. raising the possibility that the u.s. could default its obligations every few months is not an ideal way to run government but a short term solution is better than another imminent manufactured crisis. >> holman: the house already passed the bill. without it, the government would default on its obligations as early as mid-february. in economic news, americans' personal income grew in december, by the most in eight years. but first-time claims for jobless benefits were up last week. and on wall street today, the dow jones industrial average lost nearly 50 points to close at 13,860. the nasdaq fell a fraction of a point to close at 3,142. blinding snowfall and a slick freeway triggered a mile-long series of crashes in detroit today. at least three people were killed and 20 more injured. the pileups left a section of interstate 75 littered with wrecked cars and big-rig trucks. th
the debt ceiling compromise passed the senate. that's a fiscal crisis temporarily averted. it comes just a day after we learn that gdp, that's the mesh shush of how well our economy is performing, contracted by 0.1%. here is how some of the financial media covered it. quote, the best looking contraction in gdp you will ever see. and, quote, don't freak out about gdp. so what's going on here? less government spending happened. primarily in defense. that overshadowed more spending on the part of consumers and businesses, which is what these reporters were actually looking at. for more we go to jared bernstein a senior fellow on the center of budget and policy priorities and jonathan capehart a political opinion writer for "the washington post." welcome to both of you. >> thanks, karen. >> okay, jared. you know i like to come to you with these kinds of things. say what? it's good but it's bad? explain that one to me. >> well, sure. i mean, i already knew we were growing slowly. in fact, i'd say too slowly. i didn't think the economy was actually contracting before yesterday's report for the
Search Results 0 to 49 of about 97 (some duplicates have been removed)